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Kyle Bass says trade deal with China must address IP theft: ‘They’re stealing our game from us’
“The U.S.’ No. 1 asset, in my view, is our ingenuity, our intellectual property, our ability to innovate,” Bass tells CNBC’s Brian Sullivan.
Hayman Capital Management founder Kyle Bass thinks any trade deal with China must include enforcement mechanisms against intellectual property theft for the U.S. to truly benefit from it.
“Over the last decade, they’ve stolen $2-to-$3 trillion in IP from us. The U.S.’ No. 1 asset, in my view, is our ingenuity, our intellectual property, our ability to innovate,” Bass told CNBC’s Brian Sullivan in a pre-taped interview that aired on “Worldwide Exchange.” “That’s our game and they’re stealing our game from us. It’s really important for this new agreement to be measurable and punishable.”
